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8/21/23
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A brand new, single-tenant property leased to Dollar General in Georgetown, TX traded hands in a recent deal that closed at a 5.25% cap rate. The tenant operates on a long-term absolute triple net lease and has proven to have one of the most successful business models in the net lease space.
The newly constructed, freestanding structure sits on approximately 1.32 acres at 1310 Westinghouse Rd. The property is located just off Interstate 35 along the busy Westinghouse Rd. Georgetown, TX is a suburb less than 30 minutes north of Austin, TX, and has been ranked as one of the fastest growing cities in the U.S.
The property was purchased by a private investor. Jack Collins with Northmarq represented the seller in the transaction.
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